The Internet is an ever-developing network that furnishes new opportunities to gain cash online. One of these ways is to become a domain name reseller and offer domain names to end clients, gaining revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered every day, and there are 1 000 000's of presently functioning domain names, so this is a flourishing trading niche that you can be engaged in.
TLDs and SLDs
A domain name is made of two components - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the SLD.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic Top-Level Domains comprise the most widely used domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs include 2-letter abbreviations that represent each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a ccTLD, has a Registry - an organization that manages the registrations and determines the requirements that each given TLD may have, among them the duration of the registration period or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the firms that in fact offer the domain name to clients and handle all DNS records.
Earn Profit From Trading Domain Names
Numerous Registrars have reseller programs that allow individuals to earn money from selling domains to end users. If you register with such a program, you can launch your very own web business. As a rule, a domain name will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end customer. The cause is that resellers can reach more persons in regional districts or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Offer TLDs Under Your Own Brand Name
When you register with a domain reseller program, you will have a Control Panel where you can set the prices for the different Top-Level Domains that the Registrar provides. Most companies also offer invoice management software and web page skins for your online shop, and the automation of the whole process together with the vast demand for domain names render the domain reseller business niche so seductive. You will either receive a ready-made site and make use of the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your own site and form for placing orders. Normally, you have the option to decide between the two alternatives, so it all revolves around how expert you are in these things. As a domain name reseller, you will operate under your very own personal brand and not under the Registrar's brand.
Gain Cash From Providing Website Hosting Services Too
A sensible supplement to your domain reseller business would be to sell web hosting services as well. Thus, you can give a package deal to clients who would like to make their web site and need both a domain and a web page hosting package. A few companies furnish such options. With 'ResellersPanel', for instance, you can run a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free invoice transaction software to bill your clients. You can then sell top-level domain names and shared web hosting packages to customers, and since they provide a lot of different domain extensions, you will be able to provide domain name and hosting services to users from all around the world.